The Fair Share Report
116 Riverview Ct
Secaucus, NJ 07094
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
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Step 1 · Market value
Likely range $569,188 – $666,060, from 12 comparable Secaucus sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Secaucus assessments sit below market value — republished every October, applied town-wide. A $598,723 home should be assessed near $222,126.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $97,426 below what the ratio math suggests (43.9%).
Step 4 · The tax rate — same for every Secaucus home
$1.462 Schools · 34% $0.853 County · 20% $1.952 Town · 46%
Step 5 · The bill
This home vs. every recent Secaucus sale · assessed ÷ market
13%48%
Keep quiet and enjoy it
This home's assessment ratio sits below the Secaucus pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 705 MAINSAIL LANE | 2026-05 | $660,000 | 1,704 | 21.2% |
| 714 MAINSAIL LANE | 2026-03 | $635,000 | 1,704 | 22.1% |
| 726 MAINSAIL LANE | 2026-02 | $695,000 | 1,704 | 21.8% |
| 753 MAINSAIL LANE | 2025-11 | $593,000 | 1,704 | 23.6% |
| 801 SPINNAKER COURT | 2025-07 | $610,000 | 1,704 | 22.9% |
| 789 SPINNAKER COURT | 2025-05 | $608,000 | 1,704 | 28.9% |
| 1307 HARMON COVE TOWERS | 2026-06 | $450,000 | 1,686 | 41.2% |
| 1139 FARM ROAD | 2025-04 | $670,000 | 1,624 | 26.6% |
| 86 OSPREY COURT | 2025-12 | $705,600 | 1,781 | 33.5% |
| 420 EGRET LA | 2025-08 | $595,000 | 1,718 | 26.5% |
| 458 DUNLIN PLAZA | 2025-07 | $590,000 | 1,718 | 28.5% |
| 429 HARMON COVE TOWERS | 2025-09 | $375,000 | 1,793 | 41.5% |
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